Consumers can expect a reduction in food prices starting this weekend following a drop in fuel costs, according to Shamima Muslim, Deputy Presidential Spokesperson. Speaking on TV3 New Day, she highlighted how lower fuel prices will ease transportation expenses, making it more affordable for suppliers to bring goods to market. Impact on food supply and...
Category: Business
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Sam George Assures Ghanaians: Data Prices Will Drop by Year-End
Minister for Communication, Digital Technology, and Innovations, Sam Nartey George, has reaffirmed his commitment to reducing internet data costs for Ghanaians by the end of 2025. Speaking at the World Telecommunications and Information Society Day event on May 19, 2025, he urged the public to trust the process, emphasizing that his ministry is actively working...
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Dr. Bawumia Challenges NDC on Cedi Appreciation Claims
Former Vice President Dr. Mahamudu Bawumia has dismissed claims that the recent appreciation of the Ghanaian cedi is the result of any economic policy implemented by the National Democratic Congress (NDC) government. Speaking at the Young Executive Forum (YEF) in London, Dr. Bawumia argued that the NDC has not introduced any concrete measures that could...
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GUTA asks traders to cut prices as Cedi gains strength
The Ghana Union of Traders’ Associations (GUTA) has urged its members to reduce the prices of goods and services following the significant appreciation of the Ghana cedi against major trading currencies. The Ghana Union of Traders’ Associations (GUTA) has issued a strong appeal to its members to lower the prices of goods and services in...
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New cocoa producer price not yet out – COCOBOD
The Ghana Cocoa Board (COCOBOD) has refuted claims circulating about a new producer price for cocoa, labelling such reports as false and misleading. In an official statement issued Thursday, the Board clarified that no price adjustment has been authorized, as the required administrative framework remains incomplete. COCOBOD highlighted two critical gaps including the absence of...
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Government to Publish List of Locally-Made Items for Mandatory Procurement by State Agencies
The Government of Ghana is set to introduce a policy requiring all state agencies to procure certain essential goods exclusively from local producers. This initiative, announced by Finance Minister Dr. Cassiel Ato Forson during a meeting with the leadership of the Association of Ghana Industries (AGI), aims to strengthen Ghana’s industrial sector, create jobs, and...
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E-Levy Abolished: Parliament Gives Approval
Parliament has approved the removal of the Electronic Transaction Levy (E-Levy) as part of the 2025 budget statement. This move follows the passage of the Electronic Transaction Levy (Repeal) Bill, 2025, on Wednesday, March 26. Finance Minister Dr. Cassiel Ato Forson had previously announced the government’s plan to abolish the E-Levy, along with the 10%...
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E-Levy removal to take effect by end of March – Deputy Finance Minister
Deputy Finance Minister Thomas Ampem Nyarko has confirmed that the Electronic Levy (E-Levy) will be removed by the end of March 2025, pending approval of the 2025 budget and appropriation. Speaking on Channel One TV’s OXFAM Tax Dialogue, Nyarko stated that the removal will take effect once Parliament finalizes the budget process. He emphasized that...
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Removal of E-levy, Betting Tax poses risk to govt’s ability to achieve its revenue target – Deloitte
Professional services firm, Deloitte has said that the theme running through this year’s budget statement is the need to strike a delicate balance between macroeconomic stability and economic growth. It indicated that a key component of the government’s approach to achieving the desired macroeconomic stability is revenue mobilisation. This notwithstanding, Deloitte said, the move by...
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‘Betting isn’t ideal, but it’s solace for many’ – Felix Kwakye Ofosu defends removal of winnings tax
Government spokesperson Felix Kwakye Ofosu has defended the decision to remove taxes on betting winnings, citing the economic hardship and lack of employment opportunities faced by many young people. Speaking on JoyNews’ Roundtable, Kwakye Ofosu acknowledged that betting isn’t the most desirable activity, but it has become a means of survival for many. “We find...